Australian authorities widen casino probe, pressures Crown Resorts buyout

Topics Australia | Casino


By Byron Kaye SYDNEY (Reuters) - Australia's anti-money-laundering agency said it was investigating casino operator Star Entertainment Group over suspected breaches of customer due diligence laws, jeopardising a A$9 billion ($7 billion) proposal to buy rival Crown Resorts.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) disclosed the Star probe on Monday among a flurry of new investigations, including a widening of an existing inquiry into Crown, which has been fielding takeover approaches as a way to resolve.

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